Housing Wire

JANUARY 11, 2024

However, given December’s strong jobs report and today’s inflation reading, it’s becoming more likely that those rate cuts will come later in the year, Lisa Sturtevant, chief economist at Bright MLS , said in a statement.

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MLS Mortgages Marketing As-is 439

Housing Wire

JANUARY 19, 2024

Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year. In 2023, 4.09 million existing homes were sold, the fewest since 1995. in December.

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Fixed-rate mortgage Sales MLS Mortgages 441

Housing Wire

JANUARY 5, 2024

“While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Meanwhile, the unemployment rate remained unchanged at 3.7% million. “The

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Construction MLS Investor Mortgages 441

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Our current mortgage finance system does not allow commissions to be plopped on top,” Lamacchia said. Department of Veteran Affairs (VA) loans.

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MLS VA loan Agents As-is 441

RIS Media

JANUARY 19, 2024

When Bright MLS Chief Economist Dr. Lisa Sturtevant finished predicting 2024 mortgage rates, inventory levels, inflation numbers and more at RISMedia’s Rocking in the New Year virtual event during her session titled, “The 2024 Economy: Are Things Finally Getting Better?”

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Sales MLS Title Mortgages 127

Marco Santarelli

JANUARY 25, 2024

If you are a prospective homebuyer or homeowner looking to refinance your mortgage, you might be wondering when will mortgage rates go down to 3% in the US. In fact, mortgage rates are expected to stay above 6% for most of 2024 , and only gradually decline by the end of the year. at the end of 2023, and 7.1% at the end of 2024.

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Mortgages MLS As-is Marketing 52

HomeLight

JANUARY 3, 2024

Oriana Shea , a top-rated agent in California who has been helping homebuyers for 26 years, says that, depending on local multiple list service (MLS) rules and where the property is located, a listing might actually be tagged as “contingent” rather than under contract. What contingencies might be attached to ‘under contract’ listings?

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 105

Toronto Realty Blog

JANUARY 22, 2024

We can write almost every new sentence on its own line… But just because it’s en vogue, here’s the “hook” for today’s blog post: There are currently 39 properties listed on MLS that are being sold by lenders. I think “Free Beer!” ” I can’t really get into specifics here.

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Banks Sales Marketing MLS 69

HomeLight

JANUARY 22, 2024

But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards. Yes Is a real estate attorney required? If your house complies with FHA, it complies with most other lenders’ requirements.

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As-is Inspection Equity Renovation 96

Realty Biz

JANUARY 19, 2024

Factors that affect the spring real estate market include location, mortgage rates, and inventory. However, lower mortgage rates might motivate more people to look for homes in Q1 2024. According to 2023 data collected from Georgia MLS, homes sold in June went up to 101% above their actual listing price on average.

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Sales Staging As-is Agents 108

RIS Media

JANUARY 10, 2024

Brokers are more optimistic about the market now, and are less worried about some of the more high-profile challenges of 2023 going into the new year, according to RISMedia’s latest Broker Confidence Index (BCI), with an uptick in broker sentiment to mark the end of last year.

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Marketing MLS Technology Mortgages 122

RIS Media

JANUARY 15, 2024

Bright MLS, which covers the American Mid-Atlantic, found that 2023 ended with their local markets showing sparks of life. The report suggests… The post Final Bright MLS Housing Report of 2023 Suggests a New Year of Competition appeared first on RISMedia. Pending sales, as of December 2023, numbered 13,109 (0.5%

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MLS Sales Marketing Industrial 120

RIS Media

JANUARY 18, 2024

Despite a more favorable outlook on the housing industry that has come along with a sharp decrease in mortgage rates over the last several weeks, housing starts fell last month, after a three-month uptick, the government reported Thursday. The latest data from the Commerce Department via the U.S.

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New Construction Construction Industrial Mortgages 117

Calculated Risk Real Estate

JANUARY 17, 2024

From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.84 million in December , up 0.5% million in December , up 0.5%

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Sales MLS Mortgages As-is 59

Realty Biz

JANUARY 19, 2024

Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. From preparing your finances and exploring mortgage options to calculating your budget, these steps set you on the right path toward finding your dream home. Let's get started on your path to homeownership.

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Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JANUARY 18, 2024

The 2023 housing market was defined by limited supply, a decrease in home sales, and mortgage rates hitting a 23-year high. This ended a five-month period of decline but can be largely attributed to mortgage rates peaking in October — reaching a 23-year high of 7.79%. Industry experts predict mortgage rates will drop to 6.1%-6.6%

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Marketing New Construction Construction MLS 84

Toronto Realty Blog

JANUARY 15, 2024

The Canadian Mortgage and Housing Corporation, which of course stands firmly on the backs of Canadian taxpayers, was going to provide interest-free loans for any eligible first-time buyers to help reduce mortgage payments and get more Canadians into the housing market. Coming – to MLS. Rejoice, Canada! ” Yep.

MLS 71

MLS Agents Pre-approval Brokerage 71

HomeLight

JANUARY 22, 2024

MLS has a field to mark a listing “as is”? But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards. Yes Is a real estate attorney required? Real estate transfer taxes?

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As-is Inspection Finance Investor 102

Toronto Realty Blog

JANUARY 8, 2024

” or, God forbid, “More MLS Musings?” And excited as you may be, you simply can’t get over the fact that your 5-year, fixed rate mortgage pre-approval comes with an interest rate of 5.49%. Not only that, I have so much to discuss with you all, and I wonder how I can do it in only two blogs per week.

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Sales As-is Pre-approval Marketing 82